This Is Warren Buffett's Single Best Piece of Advice for Every Investor Heading Into a Bear Market
Buffett says that when opportunity presents itself, it's time to go big!
Overview
The question isn't if another bear market is coming. It's when. That can sound a little scary when you put it like that. But it's not meant to instill fear. It's meant to set proper expectations.
If you think that stocks will continue to just go up, a bear market can cause you to panic, sell when prices have already fallen, and miss the subsequent recovery. But if you know that 20% to 30% corrections happen from time to time, you're much more likely to behave rationally when they do. That mentality can help improve your portfolio's long-term returns.
Details
Warren Buffett viewed pullbacks as opportunities. He often uses them as chances to pick up shares of quality businesses at discount prices. The deeper the bear market, the better the opportunity, as long as the business is still in good shape.
Source
Originally published at www.fool.com.